OK, here are the facts. Yes, there is a $50 cancellation fee when you cancel a Good Sam ESP insurance policy before the end of the term. This is not one third of the annual premium, not even close. This is a processing fee. On the other hand, we offer you the chance to pay your premium monthly or quarterly without any interest charge for as long as you keep the policy. You can also have this fee waived if you transfer your policy to your new vehicle or to your car or tow vehicle. Or if you sell your RV, you can transfer the policy to the new owner and avoid the cancellation fee. This is also a great way to help sell your RV.